In the News
Southern Bancorp, Inc. Announces Agreement to Acquire Premier Bank of Arkansas
For Immediate Release Arkadelphia, Ark. – Southern Bancorp, Inc., a Community Development Financial Institution (CDFI) and holding company for Southern Bancorp Bank, today announced it has entered into a merger agreement to acquire FCB Financial Services, Inc. and its...
Southern Bancorp’s Carrah Grandi Promoted to Assistant Vice President
Hernando, Miss. – Southern Bancorp today announced the promotion of Carrah Grandi to Assistant Vice President. Grandi focuses on consumer lending in the DeSoto County market, and has been with Southern Bancorp since 2010. “Carrah is a true asset to both our...
Southern Bancorp Expands Leadership Team
LITTLE ROCK, AR – Southern Bancorp, Inc. today announced the addition of two new key members to the Community Development Financial Institution’s (CDFI) leadership team, Kenya Davenport as the organization’s Chief of Staff, and Will Lambe, as Chief Strategy Officer....
Southern Bancorp Eligible for a $237.5 Million Investment Through Treasury Department’s Emergency Capital Investment Program
Washington, D.C. – Vice President Kamala Harris and United States Treasury Secretary Janet Yellen today announced that 186 Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) are now eligible to receive more than $8.7...
How Credit Utilization Affects Your Credit Score
If you’ve been reading my column for any time now, you know how important your credit score can be. You also might know that there are several factors that affect how your score is formulated. Today, we’re going to talk about one of them – credit utilization – and...
Southern Bancorp, Inc. receives JPMorgan Chase investment as part of company’s $100 million commitment to minority-led financial institutions
The Arkansas-based CDFI is one of 14 banks to receive investments from the nation’s largest financial institution Little Rock, Ark. – JPMorgan Chase, the nation’s largest financial institution, today announced that Southern Bancorp, Inc., an Arkansas-based Community...
White House Appoints Southern Bancorp, Inc. CEO Darrin Williams to Community Development Advisory Board
LITTLE ROCK, ARK. – The White House has announced the appointment of nine individuals, including Southern Bancorp, Inc. CEO Darrin Williams, to the 15-member board that advises the Community Development Financial Institutions (CDFI) Fund and its director. "I am...
Southern Bancorp Bank receives $50 million New Markets Tax Credit Award
Allocation among $5 billion in credits awarded by CDFI Fund LITTLE ROCK, ARK. – Southern Bancorp Bank has been selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive $50 million in New Markets Tax Credits (NMTC) to attract private...
Southern Bancorp’s Jason Giachelli Promoted to Market President
LITTLE ROCK, ARK. – Southern Bancorp today announced the promotion of Jason Giachelli to Market President. He previously served as City President in Greenville, leading operations there and in surrounding areas. In Giachelli’s new role, he will be leading bank...
Southern Bancorp Community Partners Welcomes New Director of Lending
LITTLE ROCK, ARK - Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and Community Development Financial Institution (CDFI), recently announced the hiring of Charlton Seward as Director of Lending. In this role, Seward will lead SBCP’s lending...